I just got a 05 BEW with 310,000 km that I just got running and driving put a new SMF and clutch in and drove around a bit and the car ran beautifully. Pulled the valve cover to check the cam and the lobes look brand new no edges or worn down lobes. Couple days pass and I fire the car up to warm it and a odd ticking sound started to come from the timing belt/cylinder 1 area I thought a cam bearing was shot so I pulled the valve cover again and re inspected the cam and lifters, everything checked out good but the tick (witch almost sounds like a squeak when it warms up) is still their. So at this point I'm thinking timing pulley or tensioner witch I should be checking this week. Any input on what this tick is will be very much appreciated.